Published: 2025-06-20T01:22:23.000Z
Chart EUR/JPY Update: Rebound eye retest of 167.60 high
Technical Analyst
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Rebound from the 166.00 support to regain the 167.00 level return focus to the 167.60 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 170.00 | ** | congestion | S1 | 166.00 | * | congestion | |
| R3 | 169.20 | * | 24 Jul 2024 high | S2 | 165.20/00 | ** | May high, congestion | |
| R2 | 168.00 | * | congestion | S3 | 164.00 | * | congestion | |
| R1 | 167.60 | ** | 17 Jun YTD high | S4 | 163.00 | * | congestion |
Asterisk denotes strength of level
01:15 GMT - Rebound from the 166.00 support to regain the 167.00 level return focus to the 167.60 high as daily studies continues to track higher into overbought areas. Clearance will see room to resistance at the 168.00 congestion. However, overbought daily and weekly studies caution corrective pullback. Would take break of support at the 166.00 congestion to open up room for deeper pullback to retrace rally from the 161.00 low. Lower will see room to strong support at the 165.20/00 area and 164.00 congestion.